Diedrich Doubles Sales, Posts Higher Profit

Coffee retailer Diedrich Coffee Inc. reported higher profit for the third fiscal quarter as sales more than doubled.

Net income for the three months ended Oct. 30 rose to $45,575, or 1 cent a share, from $21,410 for the same period last year. Sales totaled $5.1 million, up from $2.3 million. Nine-month net income increased 12% to $158,390, or 4 cents a share, from $141,027. Sales rose to $12.9 million from $5.6 million.

The company completed its initial public offering in September. During the nine-month period, Diedrich Coffee opened a total of 28 outlets, 18 of which were acquired in the Denver and Houston markets.